Walgreens Boots Alliance Inc (WBA) Shares Sold by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD trimmed its stake in shares of Walgreens Boots Alliance Inc (NASDAQ:WBA) by 0.5% in the 1st quarter, HoldingsChannel reports. The fund owned 91,100 shares of the pharmacy operator’s stock after selling 495 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Walgreens Boots Alliance were worth $5,763,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WBA. Neuberger Berman Group LLC grew its position in shares of Walgreens Boots Alliance by 18.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,108,521 shares of the pharmacy operator’s stock worth $80,812,000 after buying an additional 175,525 shares during the last quarter. Vanguard Group Inc grew its position in shares of Walgreens Boots Alliance by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 70,634,071 shares of the pharmacy operator’s stock worth $5,149,224,000 after buying an additional 448,045 shares during the last quarter. Founders Capital Management LLC grew its position in shares of Walgreens Boots Alliance by 5.0% in the 4th quarter. Founders Capital Management LLC now owns 162,893 shares of the pharmacy operator’s stock worth $11,130,000 after buying an additional 7,749 shares during the last quarter. BKD Wealth Advisors LLC grew its position in shares of Walgreens Boots Alliance by 22.3% in the 4th quarter. BKD Wealth Advisors LLC now owns 3,737 shares of the pharmacy operator’s stock worth $255,000 after buying an additional 681 shares during the last quarter. Finally, Personal Capital Advisors Corp grew its position in shares of Walgreens Boots Alliance by 154.6% in the 4th quarter. Personal Capital Advisors Corp now owns 27,214 shares of the pharmacy operator’s stock worth $1,860,000 after buying an additional 16,527 shares during the last quarter. Institutional investors and hedge funds own 64.77% of the company’s stock.

In other Walgreens Boots Alliance news, COO Ornella Barra bought 18,000 shares of Walgreens Boots Alliance stock in a transaction on Wednesday, April 3rd. The stock was bought at an average price of $54.56 per share, with a total value of $982,080.00. Following the completion of the acquisition, the chief operating officer now owns 26,425 shares in the company, valued at $1,441,748. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Marco Patrick Anthony Pagni sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $53.05, for a total value of $1,061,000.00. Following the completion of the sale, the chief accounting officer now directly owns 435,811 shares of the company’s stock, valued at approximately $23,119,773.55. The disclosure for this sale can be found here. 15.73% of the stock is currently owned by company insiders.

Shares of NASDAQ WBA opened at $52.27 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.78 and a quick ratio of 0.38. Walgreens Boots Alliance Inc has a 1-year low of $51.79 and a 1-year high of $86.31. The firm has a market cap of $48.00 billion, a P/E ratio of 8.59, a P/E/G ratio of 1.07 and a beta of 0.77.

Walgreens Boots Alliance (NASDAQ:WBA) last issued its quarterly earnings results on Tuesday, April 2nd. The pharmacy operator reported $1.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($0.06). Walgreens Boots Alliance had a return on equity of 22.00% and a net margin of 3.77%. The company had revenue of $34.53 billion for the quarter, compared to analyst estimates of $34.57 billion. During the same period in the prior year, the business earned $1.73 earnings per share. Walgreens Boots Alliance’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, sell-side analysts predict that Walgreens Boots Alliance Inc will post 5.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Monday, May 20th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Friday, May 17th. Walgreens Boots Alliance’s dividend payout ratio (DPR) is currently 29.24%.

WBA has been the topic of a number of analyst reports. Loop Capital cut their price objective on shares of Walgreens Boots Alliance to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. They noted that the move was a valuation call. TheStreet downgraded shares of Walgreens Boots Alliance from a “b-” rating to a “c+” rating in a research report on Friday, March 29th. Morgan Stanley cut their price objective on shares of Walgreens Boots Alliance from $77.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 5th. Barclays dropped their target price on shares of Walgreens Boots Alliance from $78.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 3rd. Finally, Mizuho set a $67.00 target price on shares of Walgreens Boots Alliance and gave the stock a “hold” rating in a research report on Thursday, March 28th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. Walgreens Boots Alliance has a consensus rating of “Hold” and a consensus price target of $68.00.

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Walgreens Boots Alliance Company Profile

Walgreens Boots Alliance, Inc operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment sells prescription drugs and an assortment of retail products, including health, beauty, personal care, consumable, and general merchandise products through its retail drugstores and convenient care clinics.

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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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